LOW INCOME HOUSING INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$108,602,261
Government Grants
68%
Program Services
26%
Contributions
3%
Other
2%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$79,209,884
Salaries & Benefits
32%
Other
30%
Fees to Service Providers
16%
Depreciation
13%
Offices, Occupancy & IT
5%
Interest
4%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$5,137,659
$3,227,676
-37%
Government Grants
$87,882,079
$73,808,792
-16%
Fundraising Events
$345,488
$308,955
-11%
Program Services
$26,165,533
$27,708,980
+6%
Membership Dues
$0
$0
-
Investments
$706,750
$1,161,337
+64%
Other
$9,049,794
$2,386,521
-74%
Total Revenues
$129,287,303
$108,602,261
-16%
Expenses
2023
2024
Change
Grants
$26,288
$72,399
+175%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,719,328
$25,562,518
+23%
Fees to Service Providers
$11,862,373
$12,790,108
+8%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,821,986
$4,182,295
+9%
Interest
$2,787,105
$2,890,517
+4%
Depreciation
$9,621,961
$10,085,360
+5%
Other
$27,805,903
$23,626,687
-15%
Total Expenses
$76,644,944
$79,209,884
+3%
Net income
2023
2024
Change
Net income
+$52,642,359
+$29,392,377
-44%
Functional Expenses
Summary
2023
2024
Change
Program
$71,415,113
$73,268,781
+3%
Admin
$4,652,491
$5,258,690
+13%
Fundraising
$577,340
$682,413
+18%
Total Expenses
$76,644,944
$79,209,884
+3%
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